Three-Unit Multifamily with
10 Libby Avenue, Lewiston, ME 04240
For Sale
$445,000
Multi-Family, Lewiston, ME
Property Size3,168 SF
Lot Size0.15 Acres
Price / SF$140.47
Days on Market50
Property Features for 10 Libby Avenue
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Interior features
Basement
Lot features
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Amenities
covered front porch
screened-in porch
fenced backyard
multi-bay garage
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Additional Structures
Listing Agency:
HomeSmart
(207) 602-1662
Listed By:
Brian Wood
(207) 333-2890
Added: Sep 21
Changed: Oct 28
Last Checked: Nov 9 at 11:06AM
MLS# 1681422
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1925 wood-frame multifamily property contains three units within 3,168 square feet. Exterior details include vinyl siding and a shingle roof, with wood, laminate, linoleum, and tile flooring inside. The property also has attic and storage space, a covered front porch, a screened porch, a deck, and a fenced backyard. A multi-bay garage and a spacious parking area provide additional on-site parking. Public water and sewer serve the building, and heating includes natural gas, baseboard, and hot-water systems.
Key Highlights
- Three‑unit multifamily property with 3,168 square feet
- Built in 1925; wood‑frame construction with vinyl siding
- Multi‑bay garage and spacious parking area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,246
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,920
$624.9K
Cap Rate 7%
$446,371
$446.4K
Cap Rate 9%
$347,178
$347.2K
Market Conditions
NOI Build-Up for 3,168 SF
Gross rent
$45.2K $14.28/SF
− Vacancy
−$602 −$0.19/SF
EGI
$44.6K $14.09/SF
− OpEx
−$13.4K −$4.23/SF
NOI
$31.2K $9.86/SF
Area
Androscoggin County, ME
Vacancy
1.33%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,920
Cap Rate 7%
$446,371
Cap Rate 9%
$347,178
Alternative Uses
Best Use
Multifamily LT 5
$446.4K
$390.6K – $520.8K
NOI $31,246 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$424.1K
$371.1K – $494.8K
NOI $29,687 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$985.3K
$862.1K – $1.15M
NOI $68,971 @ 7.0% cap · market cap 15.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
444
Businesses Nearby
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Business Placement
Demographics for 04240, ME
37,121
Population
16,852
Households
2.2
Avg Household Size
38
Median Age
22%
College-Educated
90%
High-School Grad
34.1 sq mi
ZIP Area
1,089
Density / Sq Mi
$56,558
Median Household Income
$36,734
Median Earnings
$954
Median Rent
$214,200
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Androscoggin County, ME
Properties on Market for Triplexes in Androscoggin County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Covered and screened porches, a fenced yard, and shared garage parking serve the three-unit property.
Where is this triplex located?
The property is located at 10 Libby Avenue Lewiston, ME.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Three‑unit multifamily property with 3,168 square feet; Built in 1925; wood‑frame construction with vinyl siding; Multi‑bay garage and spacious parking area
